Finance Committee Meeting – 26 May 2026

by | May 26, 2026

Committee
Finance Committee
Date
Time
Agenda Minutes

Agenda

20 May 2026

A meeting of the Finance Committee will take place on Tuesday 26 May 2026 at 7.00 pm.

Members of the public are welcome to attend the meeting and will be allowed to make statements, ask questions or provide evidence on items on the Agenda at item 2, this will be limited to 3 minutes per person.

A G E N D A

  1. NOTICE OF MEETING

    • Public notice of the meeting has been given in accordance with Schedule 12, paragraph 10(2) of the Local Government Act 1972.

  2. MEMBERS OF THE PUBLIC

Members of the public will be given the opportunity to make any comments and raise any questions (limited to 3 minutes each).

3. APOLOGIES FOR ABSENCE

a. To receive the apologies for absence received in advance of the meeting. b. To consider the reasons for absence provided.

4. DECLARATIONS OF INTERESTS IN ITEMS ON THE AGENDA

5. ELECTION OF THE CHAIRMAN

  1. TERMS OF REFERENCE

To review the Terms of Reference for the Finance Committee.

7. MINUTES FROM THE MEETING HELD ON 2 DECEMBER 2025

To approve the minutes from the meeting held on 2 December 2025.

8. INVESTMENTS

a. To review the Town Council investment report.

b. To review the Manorial Lands Trust investment report.

Page 1 of 2

  1. TOWN COUNCIL

    • a. To review the annual budget for the Town Council for 2026/27.

    • b. To review the current banking mandate and agree any changes.

  2. STOKESLEY MANORIAL LANDS TRUST AND STOKESLEY TOWN HALL TRUST a. To review the annual budget for the Town Hall Trust for 2026/27. b. To review the annual budget for the Manorial Lands Trust for 2026/27.

  • c. To review the current banking mandates for both Trusts and agree any changes.

Page 2 of 2

Minutes

STOKESLEY TOWN COUNCIL FINANCE COMMITTEE

A Meeting of the Finance Committee was held on Tuesday 26 May 2026

Finance Committee Membership:

Cllrs Mike Canavan, Sean Carey and David Cook.

Present : Cllrs Mike Canavan, David Cook, Bryn Griffiths and Gary Yuille. Clerk –Mrs Julie McLuckie and Mr Neil Burniston, Redmayne Bentley.

1/26/05/26 NOTICE OF MEETING

RESOLVED that the public notice of the meeting had been provided in accordance with Schedule 12, paragraph 10(2) of the Local Government Act 1972.

2/26/05/26 MEMBERS OF THE PUBLIC

None present.

3/26/05/26 APOLOGIES FOR ABSENCE

None received.

4/26/05/26 DECLARATIONS OF INTERESTS IN ITEMS ON THE AGENDA

None declared.

5/26/05/26ELECTION OF CHAIR

RESOLVED that Cllr Canavan be appointed Chair to the Finance Committee.

6/26/05/26 TERMS OF REFERENCE

RESOLVED that the Terms of Reference were reviewed and agreed.

7/26/05/26 MINUTES FROM THE MEETING HELD ON 2 DECEMBER 2025

RESOLVED that the minutes from the meeting held on 2 December 2025 were agreed as a true and accurate record.

8/26/05/26 INVESTMENTS

RESOLVED that the Redmayne Bentley provided an update on both the Town Council and Manorial Lands Investments. Both portfolios are meeting the targets set and remain in low risk schemes. Based on the information provided it was agreed to keep the investment portfolios the same. The Town Council and Manorial Lands Trust were pleased to note the reduction in fees from 1% to 0.7% which will be introduced from the next payment date.

It was agreed that the Clerk would look to reclaim the VAT paid on the management charges. It was agreed that the interest from the investments would be continued to be paid in to the current account and not reinvested for the coming year.

9/26/05/26 TOWN COUNCIL BUDGET REVIEW 2025/26 AND PROPOSALS FOR THE BUDGET AND PRECEPT FOR 2026/27

1

  • a. RESOLVED that the Annual Budget 2026/27 for the Town Council was reviewed. It was agreed to add Vibrant and Sustainable High Streets Fund grant and associated expenditure to the Budget documentation.

  • b. RESOLVED that the banking mandate be updated to include the Clerk, Assistant Clerk and Members of the Finance Committee.

10/26/05/26 STOKESLEY MANORIAL LANDS TRUST AND STOKESLEY TOWN HALL TRUST

  • a. RESOLVED that the Annual Budget 2026/27 for the Town Hall Trust was reviewed and noted with no amendments to be made at this stage.

  • b. RESOLVED that the Annual Budget for 2026/27 for the Manorial Lands Trust was reviewed and noted with no amendments to be made at this stage.

  • c. RESOLVED that the banking mandates for both the Town Hall Trust and Manorial Lands Trust be updated to include the Clerk, Assistant Clerk and members of the Finance Committee.

The meeting closed at 7.35pm.

Signed ……………………………………………………………… Date ……………………………………

2